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News Release

Chicago, IL - The Federal Reserve Bank of Chicago, along with 80 partner organizations, announced today the second annual Indiana Money Smart Weeksm will be October 13-20, 2007.

During the week, dozens of free educational events will take place at various times and locations around the state. All will provide consumers with education on personal finance and money management. The classes will be on a variety of topics and will be carried out by members of the Indiana Money Smart Advisory Council (MAC).

"The MAC members have shown great enthusiasm for this statewide personal finance initiative," said Doug Tillett, vice president of the Chicago Fed's Public Affairs Department. "With their commitment and hard work, we look forward to another successful week."

Many of the classes are tailored to the needs of underserved populations such as youths, the elderly and immigrants. Indianapolis Mayor Bart Peterson is leading a group of prominent local officials in support of the effort.

"Money Smart Week's community-based efforts enable us to work together to promote financial literacy in Indianapolis and our surrounding communities," said Peterson. "It is especially important to reach out to young people to help shape their financial planning habits at an early age and set the stage for future success."

Money Smart Week will also include the Money Smart Inquisitive Kid Contest, a competition for Indiana elementary students to design a poster showing why it is important to keep feeding the piggy bank. The winner will receive a savings bond and his or her teacher will receive a financial literacy curriculum.